EOG Resources sees slow N. American natural gas market recovery

Feb 25 (Reuters) - Oversupply in the North American natural
gas market is likely to persist for years, the chief executive
officer of U.S. oil and gas company EOG Resources Inc
told investors on a conference call on Tuesday.

"We won't drill any dry gas wells in North America during
2014 because we don't see a change in the gas oversupply picture
until the 2017 to 2018 time frame," CEO Bill Thomas said on the
call to discuss the company's fourth-quarter earnings.

Natural gas prices are likely to hover around $4.50 per
million British thermal units this year and next, he said.